Connect with us


Intel stock plunges 10% after earnings show bigger sales drop than expected – MarketWatch

Intel profit drops more than 28%, revenue declines more than 4% and misses expectations as server sales dive 7%



post featured image

Intel Corp. revenue sank more than expected in the third quarter as the companys sales of server chips suffered, sending shares down 10% in after-hours trading Thursday.Intel
reported a decline in profit and revenue from the previous year, while slightly raising its full-year forecast but missing expectations for its fourth-quarter sales outlook. Shares dropped to less than $49 in after-hours action immediately following the report, after closing the regular session with a 0.8% gain…

Click here to view the original article.

Continue Reading

You might also like ...

Article feature image
Dam releases, bank failures and poisoned water: Cyber pros warn worst cases are possible – USA TODAY
Article feature image
Wage Gains at Factories Fall Behind Growth in Fast Food – The Wall Street Journal
Article feature image
New Alzheimer’s Drug Could Cost the Government as Much as It Spends on NASA – The New York Times